This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Morehouse Named President Of MDU Resources Group's Utility Companies

MDU Resources Group, Inc. (NYSE:MDU) today announced that K. Frank Morehouse has been named president of the corporation’s utility group, which includes Montana-Dakota Utilities Co., Great Plains Natural Gas Co., Cascade Natural Gas Corp. and Intermountain Gas Co.

Morehouse’s new role will be effective Jan. 4, 2013. He replaces David L. Goodin who earlier this month was named to succeed Terry D. Hildestad as president and CEO of MDU Resources upon Hildestad’s retirement Jan. 3, 2013.

“Frank has consistently performed at a high level throughout his career with our company. I have confidence that our utility companies will be in great hands as we continue to grow to 1 million customers,” Goodin said.

The utility group serves about 976,000 electric and natural gas customers in eight states.

Morehouse, who has 35 years of experience in the energy industry, has been with the company for 12 years, most recently as executive vice president and general manager of Intermountain Gas and Cascade Natural Gas. He also served as vice president of operations for Montana-Dakota Utilities, as well as manager of Montana-Dakota’s Dakota Heartland Region. Morehouse also managed the company’s Great Plains Natural Gas operations in western Minnesota.

Morehouse is a native of Havre, Mont., and earned a bachelor’s degree in business administration. He has held numerous positions with utility, producer, pipeline and marketing companies. He will relocate to Bismarck, N.D.

MDU Resources also announced that Scott Madison will succeed Morehouse on Jan. 4, 2013, as executive vice president and general manager of Intermountain Gas and Cascade Natural Gas. Madison has been with the company since 1997, most recently as vice president, regulatory, chief accounting officer, assistant secretary and assistant treasurer for Intermountain and Cascade.

“This will be a great opportunity for Scott and we look forward to him leading our western region companies with exceptional customer service and safety as his main focus,” Goodin said.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,135.72 +38.82 0.21%
S&P 500 2,101.04 +2.51 0.12%
NASDAQ 4,982.8090 +15.6680 0.32%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs